We are working with a great team of partners on the General Partner (GP) side and we have a wonderful group of investors on the Limited Partner (LP) side.We worked with a great team to help make this deal go forward - from the debt broker, to the attorney, to the title company, to the property manager, to the insurance agent, to the lender, to the commercial real estate broker, and others!

Then instead of selling as a flip, I do a cash-out refi into long-term / low-interest debt (BRRRR).Nothing wrong with flipping, but when considering taxes, commissions, etc...

Anyone else concerned with the debt crisis?   

As far as my why, I too want to build passive income so that I can accelerate paying off debt and saving for retirement.

I carry no debts other than the Heloc on my primary.

This includes but is not limited to marriage licenses, divorce settlements, child support, liens, bankruptcies, or judgments.

But you need to subtract the debt out. 

You increased your debt load, increase your risk, and it appears you will have negative cash flow? 

anyone who does a 30yr loan is crazy but I am debt averse so I suppose I am the crazy one. 

But your right I was talking to a flipper in LA at a conference and they do 600 to800k houses and were averaging about 15k per flip.. but they did 80 of them.. so while they made over a million for the year thats a ton of work and debt to manage.If your going to be successful flipping you have to be able to do volume as you clearly denote.. one at a time unless your hitting big numbers..